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U.S. seizes Fannie, Freddie, aims to calm markets - Guardian Unlimited
WASHINGTON, Sept 7 (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac launching what could be its biggest bailout ever to support the U.S. housing market and ward off more global ...

A tangled web with many raveled threads - International Herald Tribune
No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. — Matthew 6:24 Fannie Mae and Freddie Mac were intended to serve at least two masters — the investors who ...

Don't get trapped with a bad loan - News.com.au
Email article Printer friendly Text size + - Share Add to Digg Add to del.icio.us Post to NewsVine Post to Facebook What are these? Choice warns new mortgage products come with traps New products include 100pc mortgages, 40-year loans, and shared ...

Sorting out the takeover - Minneapolis Star Tribune
If you have a fixed-rate mortgage, nothing will change. If you are thinking of buying a home or refinancing a mortgage, the emerging consensus is that the government takeover will help stabilize rates. They might even fall a quarter of a percentage ...

Wary of Ike after weathering Andrew - Minneapolis Star Tribune
Obama, McCain call for changes in mortgage giants Powerful storm raises fears from Caribbean to Gulf From anguish of 9/11, two learn to love again House explosion kills 2 in Chicago suburb Miami gets the peacock blues Ike is still far out in the ...

Gillard 'couldn't survive' on aged pension - News.com.au
Email article Printer friendly Text size + - Share Add to Digg Add to del.icio.us Post to NewsVine Post to Facebook What are these? Julia Gillard and Wayne Swan both say they couldn't live on aged pension Single aged pension is around $560 a ...

Today on the presidential campaign trail - International Herald Tribune
Obama, McCain suggest changes in Fannie Mae, Freddie Mac ... Republican vice presidential hopeful's church promotes prayer to make gays straight ... Presidential candidates plan joint appearance at Ground Zero to mark Sept. 11 attacks ... Obama ...

US mortgage crisis that leaves many here facing anxious wait - Herald
With problems in the American sub-prime mortgage market already blamed for many of the UK's economic woes, economists and politicians here will be watching anxiously to see what impact the latest crisis has on this side of the Atlantic. The ...

Officials’ Statements on Fannie Mae and Freddie Mac - Wall Street Journal
Good morning. I’m joined here by Jim Lockhart, Director of the new independent regulator, the Federal Housing Finance Agency, FHFA. In July, Congress granted the Treasury, the Federal Reserve and FHFA new authorities with respect to the GSEs ...

Barack Obama switches off personality politics but Sarah Palin ... - Times Online
Barack Obama vowed yesterday to focus his efforts on the gathering economic storm facing ordinary Americans as he struggled to navigate an election landscape transformed by Sarah Palin’s hurricane force over the past ten days. The Democratic ...

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Today's Mortgage Terms starting with U

  • Underwriting: It is the process of quantifying the risks involved in a specific loan and setting suitable terms and conditions for a mortgage.
  • URLA: Uniform residential loan application.
  • Usury: Interest charged in excess of the legal rate as established by law.
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